How Verizon finds IoT innovation outside its four walls

Verizon Ventures says that while consumer Internet of Things startups were all the rage in 2014 and continue to be popular among investors, enterprise IoT newcomers have become even hotter properties among venture capitalists over the past two years, with enterprise IoT investment expected to double or triple that of consumer IoT in 2016.

Verizon’s investment arm has been among those outfits targeting enterprise IoT, with investments in startups such as Filament and Veniam, which focus on industrial networks and connected vehicles, respectively.